Achieving Long-Term Growth Targets

DELIVERING BEST-IN-CLASS UNIT LEVEL ECONOMICS Franchisee Year-2 Target 1 Domestic System Average 2 AUV $890k $1.1M Investment Cost ³ $380k Unlevered Year-2 COC Return 4 35%-40% 50%+ AUV based on year 2 sales volumes for the 2014 vintage years. Notes: 1. 2. As of 9/29/18. 3. 4. Investment cost based on last 4 fiscal years actual costs; excludes pre-opening and working capital as of 2017. Average restaurant economics are internal Company estimates based on unaudited results reported by franchise owners. WING STOP 523 New restaurant commitments as of year-end 2018 12 80% Of new commitments came from existing franchisees Best-in-Class Unit Economics

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